NIFTY VIEW 20DEC

DEAR FRIEND 

 HERE SEEN  NIFTY  DAILY CHART   TRANDLINE SUPPORT SEEN  5700 LEVEL IF  MARKET STEEL  CORRECTION THAN  5700 DONE    

 

FIBI0 RET >>(>5548  TO  5965)  38%>>5807 ,,   50%>>5757,,   61.8>>5707,, ALL R SUPPORT LEVEL  

I THINK THIS IS  TIME WISE CORECTION  AFTER THAT FAST UPWORD MOVEMENT START 

INTERSTED  FRIEND JOIN WITH  CHAT FACBOOK >> ANALYSENIFTY

TORENT POWER

BUY  " TORRENT POER" ABOVE 189 SL 175 TGT 210,230

L&T

L&T  SHORT  SL 1700 TGT 1600,1550   "M"

REC

SL 200 TGT  CMP 240 TGT 300,350   LONG TERM OUR CLIENT BUY  AT 230

LITL LONG TERM

SL 12 AND TGT 24,30

Bull & Bear

BOTH  R INTERSTING LONG TERM  Y OR N??

LAKSHMI OVERS (519570)

NIFTY VIEW NOV 26

GM

Today’s trading levels for Nifty Future:

Resistance: 5646-5688-5719-5753

Support: 5633-5629-5595-5582-5570-5557-5547

Today, 5646 is an important resistance for NF. On crossover above it with volumes and remaining above it will take NF to 5688. Above 5688, NF will go up to 5719. If NF manages to cross 5719 level too then next hurdle is 5753.

Today on close above 5646 will indicate reversal. Today, more higher closing above 5646, more stronger the reversal.

On lower side, 5633-5629 are supports to watch. On break below it will take NF to 5595-5582. Chances are less of breaking these levels but if NF manages to break these levels too then also there is a support zone of 5570-5557-5547.

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

Analsyenifty Team

NIFTY VIEW NOV 20

Hi,

Yesterday we had written: “Today, watch support zone of 5576-5557-5547 carefully. Chances are bright that NF will take reversal from this zone. But if NF manages to break this support zone then it will try to fill the gap of 5530-5454”.

Yesterday in panic NF made low of 5561.55 and closed at 5589.65.

Today, while updating this SGX nifty is trading at 5605.

Today’s trading levels for Nifty Future:

Resistance: 5609-5626-5651-5691

Support: 5570-5557-5547-5486

Today, 5609 is an immediate resistance for NF. On crossover above it with huge volumes and remaining above it will take NF to 5626, another strong resistance. If NF manages to cross this level too then it will go up to 5651. Here bears will be highly active and they will try their best to protect this level. If NF crosses this level too with really huge volumes and sustains above it then it will take NF to 5591, a trend reversal point.

Today NF must give closing above 5650 to have strength.

On lower side, still watch support zone of 5570-5557-5547 carefully. As mentioned yesterday so far NF has taken support on last Friday and yesterday. Now today follow up move on upper side is required for reversal. Below 5547, NF will fill the gap of 5530-5464.

If one has taken long position on yesterday, hedge it will 5600put or keep sl of 5530.

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

REGARDS

ANALYSENIFTY  TEAM

Nifty view nov 19

Gm

Today, while updating this SGX nifty is trading at 5588.

Today’s trading levels for Nifty Future:

Resistance: 5629-5671-5694

Support: 5576-5557-5547-5486

Today, watch support zone of 5576-5557-5547 carefully. Chances are bright that NF will take reversal from this zone. But if NF manages to break this support zone then it will try to fill the gap of 5530-5454.

For upper side, 5629-5631 is strong resistance. Bears will try their best to protect these levels. If NF manages to cross these levels with huge volumes and remains above these levels then it will go up to 5671.

We will still maintain our view: “One can take attempt to take long position around 5576-5557-5547 support zone”.  

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Rgards,
Analysenifty team

Nifty view nov 2

GM

Today, while updating this SGX nifty is trading at 5704.

Today’s trading levels for Nifty Future:

Resistance: 5702-5735-5763-5795

Support: 5675-5666-5608-5586-5570

Today, 5702 will be an immediate resistance for NF. If NF manages to cross this level then also 5735 is strong resistance for NF. On crossover above 5735 with huge volume and sustaining above only will take NF to 5763.

For lower side, 5675-5666 are good support for NF. Below these levels, Still 5608 is a good support for NF. On break below it will take NF to 5586-5570. Below 5570, NF will go up to 5547 which is another strong support.

On if something positive is coming on GAAR issue on today or tomorrow then only NF will cross 5700, even 5856. If something is wrong in GAAR issue then bears will kill this market.

Regards,

ANALYSENIFTY TEAM

Nifty view oct 29

Today, while updating this SGX nifty is trading at 5722.

Today’s trading levels for Nifty Future:

Resistance: 5707-5720-5731-5747-5779-5801-5818-5858

Support: 5678-5664-5644-5631-5608

Today 5707 is an immediate resistance for NF. On crossover above it will take NF to 5720. Bears will try their best to keep NF below 5720. Above 5720, NF can go up to 5731 which is another strong resistance. Above 5731, 5747 is a last hurdle for NF.

For lower side, 5678-5664 are good supports for NF. On break below it will take NF to 5644-5631. Below 5631, expect bloodbath.

As mentioned earlier 5745 and 5644 are breakout levels for NF and 5725 and 5636 are breakout levels for NS. Either side will give huge move.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

analysenifty  team

Nifty view oct 26

Gm

Today, while updating this SGX nifty is trading at 5724.

Today’s trading levels for Nifty Future:

Resistance: 5731-5747-5779-5801-5818-5858

Support: 5720-5703-5678-5664-5644-5631-5608

Today 5731 will be minor hurdle for NF. On cross over above it will take NF to 5747. Crossover above 5747 with huge volume and sustaining above it will give break out. NF will go up to 5779-5801. Above 5801, next level is 5818.

For lower side, 5720-5703 are good supports for NF. On break below it will take NF to 5678-5664. If NF manages to break these levels then it will go up to 5644-5631.

As mentioned earlier 5745 and 5644 are breakout levels for NF and 5725 and 5636 are breakout levels for NS. Either side will give huge move.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

Analysenifty team

nifty view 0ct 22

GM

Today, while updating this SGX nifty is trading at 5664.

Today’s trading levels for Nifty Future:

Resistance: 5698-5714-5725-5747-5779-5801-5818-5858

Support: 5664-5644-5631-5608-5586-5571-5551

Today also 5664 is a strong support for NF. Break below 5664 will take NF to 5644-5631 levels which are also strong supports for NF. Below 5631 expect fall up to 5608. If NF manages to break 5608 then NF will go up to 5586-5571.

On upper side 5698-5714-5725 is a resistance zone. On crossover above it will take NF to 5747. Above which is a break out.

NF has spent 8-9 days in the range of 5745 to 5644; today it is likely to give break out. Let’s see how it gives? Whether it protects 5664-5644 and gives break out on upper side or it gives break out on down side and then protects 5664-5644.  

As mentioned earlier 5745 and 5644 are breakout levels for NF and 5725 and 5636 are breakout levels for NS. Either side will give huge move.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

Analysenifty Team

nifty view oct 18

gm

Hi,

Yesterday we had written: “Today, 5665-5677 are immediate resistance for NF. On crossover above 5677 with volumes will take NF to 5696-5706 which are strong resistance for NF”.

Yesterday NF opened at 5686.15, made high of 5694.85 and fallen.

For lower side we had written: “On lower side 5644-5631 are still a good support. On break below it and sustaining below 5631 there will be bloodbath in the market and it will take NF to 5599-5586-5551”.

 After making high of 5694.85, NF had fallen up to 5645.55 but could not break 5644.

Today, while updating this SGX nifty is trading at 5685.

Today’s trading levels for Nifty Future:

Resistance: 5673-5689-5693-5706-5721-5747-5779-5801-5818

Support: 5644-5631-5599-5586-5551

Today, 5673 is immediate resistance for NF. On crossover above 5673 with volumes will take NF to 5689-5693-5706 which are strong resistance for NF. On crossover and sustaining above 5706 will lead to short covering which will take NF to 5747. One has to watch 5721 during this.

On lower side 5644-5631 are still good supports. On break below it and sustaining below 5644-5631, there will be bloodbath in the market and it will take NF to 5599-5586. Below 5586, expect 5551.

If NS manages to break 5636 and sustain below it then it will trigger Head and Shoulder break out of 175 points.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

analysenifty team

Nifty view oct 17

Hi,

Yesterday we had written: “5703-5711 are immediate resistance for NF. On crossover above 5711 with volumes will take NF to 5738-5756”.

NF had opened above 5711 and made high of 5732 but could not sustain above it. And once broken 5611 decisively there was a sharp fall in NF.

For lower side we had written: “On lower side 5679-5666 are a good support. On break below it and sustaining below it will take NF to 5644-5631. If NF manages to break 5644-5631 will take NF to 5599-5586”.

 After breaking and sustaining below 5666, NF had taken support at 5637.40.

Today, while updating this SGX nifty is trading at 5685.

Today’s trading levels for Nifty Future:

Resistance: 5665-5677-5696-5706-5721-5747-5779-5801-5818

Support: 5644-5631-5599-5586-5551

Today, 5665-5677 are immediate resistance for NF. On crossover above 5677 with volumes will take NF to 5696-5706 which are strong resistance for NF. On crossover and sustaining above 5696-5706 will lead to short covering which will take NF to 5747.

On lower side 5644-5631 are still a good support. On break below it and sustaining below 5631 there will be bloodbath in the market and it will take NF to 5599-5586-5551.

If NS manages to break 5636 and sustain below it then it will trigger Head and Shoulder break out of 175 points.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai is giving some rally, let’s see how it manages to sustain above 2100.

Regards,

Analysenifty Team 

NIFTY VIEW OCT 16

GM

Today, while updating this SGX nifty is trading at 5717.

Today’s trading levels for Nifty Future:

Resistance: 5703-5711-5738-5756-5806-5858

Support: 5679-5666-5644-5631-5599-5586

Today, 5703-5711 are immediate resistance for NF. On crossover above 5711 with volumes will take NF to 5738-5756. NF has faced strong resistance around 5738 on last two attempts. Now, on crossover and sustaining above 5738-5756 will lead to short covering which will take NF to 5806. Above 5806, NF can go up to 5858.

On lower side 5679-5666 are a good support. On break below it and sustaining below it will take NF to 5644-5631. If NF manages to break 5644-5631 will take NF to 5599-5586.

Opening/sustaining above/below 5679 will indicate strength/weakness of NF respectively.

If NS manages to break 5636 and sustain below it then it will trigger Head and Shoulder break out of 175 points.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai is giving some rally, let’s see how it manages to sustain above 2100.

Regards,

Analysenifty Team

NIFTY VIEW OCT 15

GM

Today, while updating this SGX nifty is trading at 5688.

Today’s trading levels for Nifty Future:

Resistance: 5704-5714-5738-5756-5806-5858

Support: 5679-5644-5631-5599-5586

Today, 5704-5714 are immediate resistance for NF. On crossover above 5714 with volumes will take NF to 5738-5756. NF has faced strong resistance around 5738 on last two attempts. Now, on crossover and sustaining above 5738-5756 will lead to short covering which will take NF to 5806. Above 5806, NF can go up to 5858.

On lower side 5679 is a good support. On break below it and sustaining below it will take NF to 5644-5631. If NF manages to break 5644-5631 will take NF to 5599-5586.

Opening/sustaining above/below will indicate strength/weakness of NF respectively.

If NS manages to break 5636 and sustain below it then it will trigger Head and Shoulder break out of 175 points.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai is giving some rally, let’s see how it manages to sustain above 2100.

Regards,

ANALYSENIFTY TEAM 

NIFTY VIEW OCT 8

GM

Today, while updating this SGX nifty is trading at 5776.

Today’s trading levels for Nifty Future:

Resistance: 5781-5794-5825-5858-5897-5933

Support: 5746-5732-5704-5697-5644

Today, 5781-5794 are immediate resistances for NF. On crossover above 5794 with volumes and sustaining above it will take NF to 5825, during this one has to watch 5809-5819. On crossover above 5825 will lead to huge short covering which will take NF to 5858 and above.

On lower side 5746-5732 are immediate supports for NF. On break below it will take NF to 5704-5697. Bulls will try their best to protect 5746-5732. Below 5697, expect fall up to 5644.

Some suspicious selling was happened on last Friday in Nifty stocks. What was it, a genuine mistake or some indication?

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai had given sharp rally on the news of bailout package. What will happen if that news proves wrong?

 

REGARDS 

ANALYSENIFTY TEAM

STOCKS CALL 8 OCT

8 OCT

SHORT  ANDHAR BANK  CMP 111 SL 115 TGT 107,104

SHORT  AUROBINDO PHARMA AT 143 SL 147 TGT 138,135,132

SHORT AXIS BANK NEAR  1160 TO 1175  SL  1195 TGT 1130,1120,1110

SHORT BANK OF BARODA   AT 795 -800 SL 812 TGT 780,775,750,740

BHEL  RES 275

SHORT HCL  TEC   AT  585-590 SL 600 TGT 570,560

BUY OPTOCIRCUIT CMP 138 SL 130  TGT 143, 150,155 MUST BUY

Buy shriram  transpot(511218)  cmp 645 also buy near 630 sl 620 closing base tgt 675,700 (hold 6 dayes)

NIFTY VIEW OCT 1

GM

Today, while updating this SGX nifty is trading at 5718.

Today’s trading levels for Nifty Future:

Resistance: 5730-5761-5782-5793-5828

Support: 5705-5696-5675-5661-5644-5634-5605

Today, 5730 will be an important level to watch. On opening and remaining above it will take NF to 5761-5782-5793. Above 5793, NF will go up to 5828.

On lower side 5705-5696 are strong supports for NF. If NF manages to break these levels too then also there is a strong support around 5675-5661. Break below 5661 with volumes and sustaining below it will lead to sharp panic in the market and it will take NF to 5605. One has to keep watching 5644-5634 level carefully.

In last week NF has given some surprisingly sharp up moves. This kind of move happens in two extreme scenario, either we have entered in a long term up move which will cross previous high of 6349 or we are going to make a critical top before going down to/below 4000 or more lower level.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai, back to bottom!!!

Regards,

ANALYSENIFTY TEAM

Hot stocks for next 2 years start for p

Long Term Stocks

NIFTY VIEW 25 SEPT

Gm

Today, while updating this SGX nifty is trading at 5693.

Today’s trading levels for Nifty Future:

Resistance: 5691-5721-5744-5752-5773-5829-5858

Support: 5675-5662-5644-5636-5611-5602-5597

Today 5691 and 5675 are important levels for opening trade. If NF is breaking 5691 level then it will indicate strength of bulls and if NF breaks 5675 then it will indicate strength of bears.

Today, on crossover above 5691 will take NF to 5721. On cross over above 5721 will take NF to 5744-5752-5773. Bears are desperate to keep NF below 5700 levels so lets see how they manage. On cross over above 5773 will take NF to 5829-5858.

On lower side, below 5675 there is a support zone of 5662-5644-5636. Bears will need lots of power to break this support zone. If NF manages to break 5636 and sustains below it then 5611-5602-5597 are last hope for bulls.

In last week NF has given some surprisingly sharp up moves. This kind of move happens in two extreme scenario, either we have entered in a long term up move which will cross previous high of 6349 or we are going to make a critical top before going down to/below 4000 or more lower level.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Regards,

Analysenifty  Team

Nifty view sept 21

Gm

Today, while updating this SGX nifty is trading at 5565.

Today’s trading levels for Nifty Future:

Resistance: 5579-5611-5640-5670-5702

Support: 5562-5530-5503-5463-5454

Today 5579 will be an important level for NF. To indicate strength of bears, NF should not cross 5579. On crossover above 5579 will take NF to 5611, a good resistance. On crossover above 5611 NF will go up to 5640, a strong resistance for NF. Bears will give their best to protect this level.

On lower side, 5562 is a good support. If NF manages to break 5562 with volumes and sustains below it then also there is a strong support of 5530-5503 for NF. Bears will need lots of power to break these levels. If bears manage to break these levels then expect some serious problem for bulls. Below 5503, expect not stop fall up to 5463-5454.

Till NF is above 5530-5503, there is no problem for bulls.

In last week NF has given some surprisingly sharp up moves. This kind of move happens in two extreme scenario, either we have entered in a long term up move which will cross previous high of 6349 or we are going to make a critical top before going down to/below 4000 or more lower level.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Regards,

Analysenifty Team 

NIFTY LONGTERM VIEW

NIFTY VIEW SEP13

Today, while updating this SGX nifty is trading at 5452.

Today’s trading levels for Nifty Future:

Resistance: 5463-5488-5515-5524

Support: 5424-5415-5399-5394-5377-5345

Today 5463 will be an immediate resistance for NF. On crossover above 5463 will take NF to 5515-5524.

On lower side, on remaining below yesterday’s high, NF will attempt for 5424-5415. Chances are bright that NF will protect these levels. If NF is not managing to protect these levels then also 5399-5394 are strong supports for NF.

In hourly chart NF highly overbought. Although NF is in uptrend but we will advise to avoid any buying position.

Charts are indicating we may make top of NF around 5515-5524 and then sudden panic, a 2008 kind of bloodbath. (Discloser: our intention is not to panic any one. We just want to alert our readers to prepare for coming disaster. We will advise to follow levels only.)

Buy 5500 call around 30-40 Rs in the opening and go short in NF around 5500-5510 level (if comes), hold till expiry. Risk of 1500-2000 Rs only.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai has given some sharp bounce. Genuine or a trap???

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW SEP 11

Hi,

Yesterday our resistance was 5407 and support was 5352 and NF has remained between these two levels with one of the lowest volumes of recent past.

Today, while updating this SGX nifty is trading at 5356.

Today’s trading levels for Nifty Future:

Resistance: 5407-5463-5524

Support: 5359-5352-5337-5326-5314-5286-5275

Today again, 5407 is an immediate and important resistance for NF. Bears will try their best to protect this level. If NF manages to cross and sustain above this level then expect 5463. On crossover above 5463 will take NF to 5524.

On lower side 5359-5352 are immediate supports for NF. In good control of bulls, they will protect these levels. Break below these levels will take NF to 5337-5326-5314. Below 5326, NF may fill the gap of 5326-5285.

In hourly chart NF has entered in to over bought area. Although NF is in uptrend but we will advise to avoid any buying position. Charts are indicating some problem which may lead to sharp sell off in coming days.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Shanghai has given some sharp bounce. Genuine or a trap???

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW SEP10

GM

Today, while updating this SGX nifty is trading at 5378.

Today’s trading levels for Nifty Future:

Resistance: 5407-5463-5524

Support: 5352-5347-5326-5314-5286-5275

Today, 5407 is an immediate and important resistance for NF. Bears will try their best to protect this level. If NF manages to cross and sustain above this level then expect 5463. On crossover above 5463 will take NF to 5524.

On lower side 5352-5347 are immediate supports for NF. In good control of bulls, they will protect these levels. Break below these levels will take NF to 5326-5314. Below 5326, NF may fill the gap of 5326-5285.

In hourly chart NF has entered in to over bought area. Although NF is in uptrend but we will advise to avoid any buying position. Charts are indicating some problem which may lead to sharp sell off in coming days.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Regards,

ANALYSENIFTY TEAM

nifty view sep 4

GM

Today, while updating this SGX nifty is trading at 5279.

Today’s trading levels for Nifty Future:

Resistance: 5294-5320-5344-5361-5385-5412

Support: 5276-5249-5240-5216-5198-5176

Today, 5294 will be an immediate resistance for NF. If NF is not breaking 5276 and crosses 5294 then it will indicate strength of NF. But above 5294 there is a strong resistance of 5320, a strong supply area. On crossover above it will take NF to 5344-5361.

On lower side 5276 will be an immediate support for NF. If NF is not crossing 5294 and breaks 5276 and sustains below it then next support will be 5249-5240. On failing to hold these levels, NF will go up to 5216-5198.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

Analysenifty team
 

NIFTY VIEW 3 SEP 2012

GM

Today, while updating this SGX nifty is trading at 5288.

Today’s trading levels for Nifty Future:

Resistance: 5306-5333-5344-5361-5385-5412

Support: 5276-5249-5240-5216-5198-5176

Today, on remaining above 5276, NF will attempt for 5306. On crossover above it will take it to a resistance zone of 5333-5344. NF will face selling pressure around this resistance zone. On crossover above it, there is a strong resistance of 5361 which will be difficult for NF to cross.

On sustaining below 5276 will take NF to 5249-5240. On break below 5240 will take NF to 5216-5198.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

REGARDS

ANALYSENIFTY TEAM

nifty view aug 28

GM

 Today, while updating this SGX nifty is trading at 5374.

Today’s trading levels for Nifty Future:

Resistance: 5384-5393-5411-5437-5468

Support: 5356-5320-5283-5249

Today, 5384-5393 are immediate resistances for NF. Now in strong control of bears, NF will not cross 5384-5393 levels. If NF manages to cross these levels then it will take NF to 5411, which is another strong resistance. Above 5411, 5437 is a last hope for bears.

On lower side, below 5356, NF will go up to 5320. Bears will give to use all power to break 5320 level to break. On break below 5320 expect not stop fall up to 5283.

In last two days NF has gone down then also FIIs have been buyers in NF in last two days, quite interesting.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

REGARDS

ANALYSENIFTY TEAM

NIFTY VIEW AUG 23

GM

 Today, while updating this SGX nifty is trading at 5445.

Today’s trading levels for Nifty Future:

Resistance: 5454-5468-5514-5540-5568

Support: 5423-5404-5395-5388-5378-5351-5320

Today, again 5423 will be an important level for NF. On open/sustaining above/below will indicate strength and weakness of NF respectively.

On sustaining above 5423, NF again will take attempt to cross 5454-5468. On crossover above 5468 with volumes and sustaining above it will take NF to 5514.

On sustaining below 5423 will take NF to 5404-5395. Below 5395, 5388-5378 are last hope for bulls. Now to continue this uptrend, NF must protect 5383 level.

Now, if NF is breaking 5370 level then exit from all long position immediately. We were expecting top of this rally on last Friday or on this Tuesday and then sharp fall in the market. Let’s see what happens. Reason, we don’t know.

Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????

.

Regards,

ANALYSENIFTY TEAM